Federal Reserve Officals Don’t Trust U.S. Economic Data
Reuters, Apr. 13, 2016
Federal Reserve Chair Janet Yellen has declared that the U.S. central bank’s interest-rate decisions will depend on how the economy performs. But Fed officials and their staff are already dismissing large swaths of the most recent economic data because they view it as unreliable, a twist that could make it harder for investors, businesses and households to plan for the central bank’s next interest-rate move.
